Word: concerns
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Dates: during 1980-1989
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...gambler in Pittsburgh, was charged with 111 counts of cocaine distribution, more than any other defendant. Ueberroth, who has ordered all employees of the major leagues other than players to submit to drug- screening tests, hopes to persuade the players to take the tests as well. One additional concern: an athlete with an expensive illegal habit might be pressured to fix games...
...taxable only to families whose income exceeds $18,000 a year and the other two types not at all. Employees would have to include in taxable income $120 a year of medical-insurance premiums paid by their bosses if single, $300 if married and filing joint returns. Of particular concern to the middle class, individuals would have to pay tax each year on the increase in cash-surrender values of new life-insurance policies and on interest credited to new deferred annuities, to the extent that those exceed their premium payments. Policies and annuities already in effect, however, would...
...trying to sell. Even at lower prices, fewer buyers may be tempted and fewer homes built. Kent Colton, executive vice president of the National Association of Home Builders, figures that housing starts might drop 300,000 units below last year's level of 1.8 million, a matter of concern to the economy because housing construction spurs sales of wood, glass, furniture, appliances and many other goods. Scott Slesinger, executive vice president of the National Apartment Association, foresees "strong upward pressure on rents" because landlords would need money to replace tax breaks they would no longer get. Says he: "When...
Another major concern of law-enforcement officials is the surge of insider trading, in which company executives or employees use confidential information to help themselves or friends make killings in the stock market. In particular, the recent rash of mergers and acquisitions has created golden opportunities for investors who are tipped off to the deals ahead of time. Perhaps the most notorious episode involved Paul Thayer, the former businessman who became Deputy Secretary of Defense under President Reagan. While chairman of LTV and a member of the boards of Anheuser-Busch and Allied, Thayer passed to friends information about acquisitions...
...bearded Du Toit, 27, still wearing hospital pajamas and with his arm in a sling, said his unit had been sent into Angola to blow up the Malongo oil * refinery, jointly owned by Gulf Oil Corp. and the state-owned oil concern, Sonangol. The mission: to cause a "considerable economic setback" for the Luanda government. The plant is the largest oil refinery in Angola, processing more than half of the country's crude-oil production. The South African government denied that the commandos were sent to sabotage the facility...